Dxpat.com

Overview website for Mongolia

www.worldbank.org/en/country/mongolia/overview

Since its transition to a democracy and a market economy in 1990, Mongolia has had strong macroeconomic growth, high literacy and education levels, …

asiafoundation.org

Mongolia’s large-scale mining and infrastructure projects have begun; the country’s staggering economic growth is predicted at 15 percent, the second highest in …

www.discovermongolia.mn/country.htm

About Mongolia: Mongolia basic information, and facts including history, … Mongolia overview · • Reasons to visit Mongolia · • Mongolia Culture & History …

www.intrepidtravel.com

Travel to Mongolia and discover a remote patch of the earth seemingly untouched by time. Visit traditional homestays, ancient monasteries and Mongolia’s …

www.apipcorp.com/mongolia-overview/

Mongolia Overview. Mongolia is a landlocked country bordered by Russia to the north and China to the east, south and west. With an area of more than 1.5 …

Over the past 20 years, Mongolia has transformed itself from a socialist country to a vibrant multiparty democracy with a booming economy. Mongolia is at the threshold of a major transformation driven by the exploitation of its vast mineral resources and the share of mining in GDP today stands at 20 percent, twice the ratio of a decade ago. The economy grew by 17.3 percent in 2011, compared to 6.4 percent GDP growth in 2010. GDP is expected to grow at a double digit rate over the period from 2013 to 2017.

This economic growth has translated into some benefits for the people of Mongolia. Poverty has been on a downward trend over the past decade. Most recently, it decreased from 39.2 percent in 2010 to 29.8 percent in 2011. Substantial progress has also been made in regard to several Millennium Development Goals (MDGs) at the national level, though significant regional disparities prevail.

To ensure sustainable and inclusive growth, Mongolia will need to strengthen institutional capacity to manage public revenues efficiently and limit the effects of Dutch Disease; allocate its resources effectively among spending, investing, and saving; reduce poverty; and offer equal opportunities to all its citizens in urban and rural areas. It needs to do this in a manner which protects the environment and intergenerational equity.

Mongolia’s large-scale mining and infrastructure projects have begun; the country’s staggering economic growth is predicted at 15 percent, the second highest in the world. Managing growth will be key to ensuring long-term prosperity. And while progress has been made in tackling corruption in daily life such as bribes, governance challenges persist. Our staff work on crucial issues: responsible mining and environmental stewardship; corruption and legal reform; community-based mediation; trafficking in persons; and increasing educational opportunities.

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